Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report) shares fell 6.2% during trading on Friday . The stock traded as low as $19.84 and last traded at $20.24. 6,000,032 shares traded hands during mid-day trading, an increase of 426% from the average session volume of 1,140,741 shares. The stock had previously closed at $21.57.
Direxion Daily AAPL Bull 2X Shares Stock Performance
The firm has a market capitalization of $74.78 million, a price-to-earnings ratio of 25.83 and a beta of -1.95. The firm has a fifty day moving average price of $22.87 and a 200 day moving average price of $30.52.
Direxion Daily AAPL Bull 2X Shares Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.243 dividend. This represents a $0.97 annualized dividend and a yield of 4.55%. The ex-dividend date was Tuesday, March 25th.
Hedge Funds Weigh In On Direxion Daily AAPL Bull 2X Shares
Several hedge funds have recently bought and sold shares of AAPU. Dagco Inc. purchased a new position in Direxion Daily AAPL Bull 2X Shares in the 1st quarter valued at approximately $25,000. PayPay Securities Corp purchased a new position in Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth $31,000. SBI Securities Co. Ltd. increased its position in Direxion Daily AAPL Bull 2X Shares by 17.8% during the first quarter. SBI Securities Co. Ltd. now owns 3,903 shares of the company's stock worth $110,000 after buying an additional 591 shares in the last quarter. JPMorgan Chase & Co. increased its position in Direxion Daily AAPL Bull 2X Shares by 70.3% during the fourth quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company's stock worth $380,000 after buying an additional 4,166 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Direxion Daily AAPL Bull 2X Shares during the fourth quarter worth $740,000.
Direxion Daily AAPL Bull 2X Shares Company Profile
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The Direxion Daily AAPL Bull 1.5X Shares (AAPU) is an exchange-traded fund that is based on the Apple Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Apple stock. AAPU was launched on Aug 9, 2022 and is managed by Direxion.
Further Reading
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